Harvest Partners LP has completed the acquisition of Yellowstone Landscape from CIVC Partners LP. Headquartered in Palm Coast, Florida, Yellowstone is a full service commercial landscaping company serving over 5,000 customers from its 40 branches throughout the Southern and Southwestern U.S. The company’s management team, led by CEO Tim Portland, will continue to lead Yellowstone, and remain significant owners of the business. Additional terms of the transaction were not disclosed.
“On behalf of Yellowstone’s leadership team, we are excited to partner with Harvest and accelerate our growth,” says Portland, CEO of Yellowstone. “Their capital, experience and enthusiasm will help us continue our pursuit of excellence in commercial landscaping for our current and new customers across the country, deliver continued growth and success across each of our key priorities, and create ever increasing development opportunities for our outstanding team of landscape professionals.”
“We are thrilled to partner with Tim and the entire Yellowstone team,” says Michael DeFlorio, president of Harvest. “They have built an excellent company and we look forward to providing additional financial and strategic resources to help them further build their market leadership.”
“We have been pursuing commercial landscaping services as a priority sector for several years and believe Yellowstone is a premier competitor in the industry,” says Stephen Carlson, partner at Harvest. “Customers value Yellowstone’s professionalism, commitment to service excellence, and scale, and we are excited to be partners with the company through its next phase of growth.”
Stephen Fessler from Harvest Partners will also join Tim Portland, Michael DeFlorio and Stephen Carlson on the Board of Directors of Yellowstone.